Congressman Jamie Raskin (D-Md.) has introduced new legislation that would require large retailers across the United States to clearly display how much of an item’s price is due to tariffs imposed by President Donald Trump. The bill, called the Truth in Tariffs Act, aims to shine a light on the impact of the so-called “Trump Tariffs” on everyday consumer goods, empowering Americans to make more informed purchasing decisions.
Under the proposed legislation, supermarkets, car dealerships, and online marketplaces would be obligated to indicate the portion of each product’s price that is directly attributable to tariffs. Raskin argues that this measure is necessary to expose what he calls the “hidden costs” of the Trump administration’s sweeping tariff policies, which he likens to a “national sales tax” that disproportionately burdens working families.
“President Trump has thrust our economy into turmoil, hiking up costs, roiling markets and leaving consumers and businesses reeling from the uncertainty and havoc wrought by his reckless Trump Tariffs,” said Rep. Raskin. “President Trump’s universal tariffs constitute an effective national sales tax, which hurts working families the most. If the President and his government of billionaires are going to force American families to pay a lot more money for fewer available goods, the people have a right to know just how much of this new price burden stems directly from the President’s actions.”
Since April, the Trump administration has enacted a baseline 10 percent tariff on imports from most countries, with even higher rates on certain metals, vehicles, and a 145 percent duty on select Chinese products. Economic models, including those from the University of Pennsylvania’s Wharton School, project that these tariffs will raise prices, lower wages, and reduce U.S. GDP. Estimates suggest the average U.S. household could see annual losses ranging from $1,200 to over $5,000 due to higher prices on imported goods.